How much is your second hand car really worth?

When it comes to selling cars, many of us simply do not know the real value of our cars. Often people think that because they paid a high price for their car that they should be able to sell if for a high price, but this is simply not the case. The car is only worth as much as people are willing to pay for it. There are many factors that affect the value of a car and the price can vary drastically even between vehicle of the same make and model. Some of the main factors that will affect the resale value are; mileage, age, condition, service history, MOT remaining and any other repairs that may need doing.

If you take your car to a garage to trade in, they will often give you less than the market value (also known as part exchange value), unless you are buying a new car or a high value vehicle where there is more profit in the sale. Your car may be able to be sold for a lot more privately but you will need to decide if you have the time to do so. You may also have to pay for advertising, so consider this when making your decision.